Aug 14, 2007

PM REALTY GROUP HAWAII PROMOTES INTERN TO FULL-TIME LEASING ASSOCIATE

HONOLULU, HI - Underscoring the value of its internship program with the University of Hawaii (UH) Manoa, PM Realty Group (PMRG), a national, full-service commercial real estate firm, has promoted former intern Ian Clagstone to leasing associate for the Pacific Rim Division.

Clagstone began working as an intern in PMRG's Honolulu office in May 2006 while attending UH Manoa. Upon graduating with a Bachelor of Business Administration degree in finance and marketing, he assumed his duties as a full-time broker/leasing associate in June 2007.

In his new role, Clagstone will continue to work with PMRG Senior Vice Presidents Linda Gee and Matt Bittick, analyzing and negotiating investment sale and lease transactions, and supporting various corporate accounts. With Bittick, he will serve as the landlord's representative in leasing Alii Place, a 316,000-square-foot, Class A high-rise in downtown Honolulu.

"Ian is a smart young man who distinguished himself at Punahou School and UH Manoa," said Scott Kuklish, senior vice president-director of PMRG's Pacific Rim Division. "As an undergraduate, he led the Financial Management Association and grew it into one of the most prolific on-campus organizations at UH Manoa. His leadership skills, finance background, and ability to excel in both the classroom and the community truly set Ian apart as an exceptional individual who will be an invaluable addition to our team."

The year-long internship experience at PMRG was designed to help Clagstone develop a critical understanding of property management principles, including how commercial real estate management relates to lease administration.

Describing the intern program as "a vital recruiting mechanism for our firm," Kuklish said hiring Clagstone was a direct result of PMRG's involvement with UH Manoa.

"By being active with the university, we have been able to attract significant interest from prospective graduates," Kuklish said. "Regular meetings, corporate tours and community interaction have produced results that validate our ongoing participation in intern outreach."

In addition to PMRG's outreach in Hawaii, the firm has a national platform for attracting and hiring interns. For example, the company has a mentoring program with Master of Business Administration students at the University of California at Irvine (UCI). The Pacific Rim was the first division of the national firm to reach out to undergraduate students.

"Our intention was to reach out to students who were trying to identify which occupations matched up with their major," Kuklish said. "This outreach has resulted in significant interest from top students to enter the commercial real estate field because our firm provides on-the-job training and financial support for their continued education or pursuit of advanced degrees."

Based on Oahu, PMRG Hawaii provides real estate services to a portfolio that encompasses 5.5 million square feet of office, industrial and retail space on Oahu, Maui, Kauai and the Big Island of Hawaii. It provides strategic services to many of Hawaii's prominent owners and investment advisors, including Chevron-Texaco, A&B Properties Inc., The Shidler Group, Kaiser Permanente, Pacific Guardian Life and the Employees' Retirement System of the State of Hawaii. For more information, visit www.pmrg-hawaii.com.

About PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.